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20120928
20121006
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CNBC 3
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CNBC
Oct 1, 2012 4:00pm EDT
-hanging fruit that is defense cuts as well as the entitlements. medicare, medicaid, and social security. where do you see opportunity for cuts? >> we see opportunity across the budget. in agriculture, in transportation. as you say, in defense and in general government programs but across the government we think there's opportunities. probably if you look at crop insurance or commodity payments in the agriculture, that can add up. smaller areas that's $1 billion. $1 billion here, $1 billion there, it adds up to money. we wanted a menu of thoughtful choices to reduce our deficit and avoid sequestration. >> go through it for us. because, you know, i guess if it were that easy, it would have been a lot simpler getting to the point where we're at. can you talk to us specifics about what you think should be cut? >> sure. that's what we wanted to do in this report. it's more than $100 billion in agriculture, more than $100 billion in energy, and as i said, in agriculture, commodity crop payments, reforming crop insurance. in energy, we'd like to eliminate the entire tight. 17 loan guarantee program w
CNBC
Oct 5, 2012 4:00pm EDT
are the massive layoffs in the defense sector if congress can't resolve the fiscal cliff. eamon javers is here be more. >> let me bring you the guidance here that the white house is putting out, sending to federal defense contractors in particular, telling them they don't have to issue notices under the so-called warren act, which requires notices to employees in advance of mass layoffs. here's the guidance. they said, it is neither necessary or appropriate for federal contractors to provide w.a.r.n. act notices to employees 60 days in advance of the potential se questionsation because it's uncertain whether sequestration will occur. what the white house is doing here is heading off the possible that defense contractors, particularly in virginia, which is a political state that is very much in play this year, would be getting notices at the beginning of november saying, hey, you might lose your jobs if we go over the fiscal cliff. the administration argues that those notices are not necessary under the w.a.r.n. act because the fiscal cliff doesn't necessarily have to come true. also, if it doe
CNBC
Oct 2, 2012 4:00pm EDT
, statutes of limitation, legal defenses, nature of the injury, the damage suffered, all of that has to go into the negotiation process. >> so you're also overseeing the aurora victim relief fund. you say it's unusual for a fund to exist at all. why do you say that? >> how many bad things happen to good people every day in this country? you don't have aurora funds or virginia tech funds or 9/11 funds. this is a singular example of private donations coming into the aurora community. the governor of colorado, governor hickenlooper made it clear. he wanted me to get this money out fast without restrictions. i'll be out in aurora next week to listen to the victims, hear what they have to say, meet with the governor, and hopefully quickly come up with a compensation proek ree yum to distribute what is a small amount of money, relatively speaking. >> all right. we'll leave it there. ken, thanks so much for your time today. we appreciate it. best of luck with these cases. see you soon. >> thanks again, maria. >> ken feinberg joining us. up next, it's the interview we've been waiting for. larry el
Search Results 0 to 2 of about 3